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EMPLOYEES
ABOUT THE PROJECT
This project work has been conducted in FENNER (INDIA) LIMITED. It is the one
of the largest manufacturer of Industrial and Automotive V-Belts, Oil seals and Power
Transmission Accessories in India
The main purpose of this study is to find the absenteeism rate in FENNER (INDIA)
LIMITED. This study has been compiled with the help of primary data and secondary
data.
Since the study was about the absenteeism of employees , the data were collected
from all the employees in the organization. The Secondary sources of data were
collected through company profile, organization Website, internet and other related
books.
The collected data has been analyzed using various statistical tools like chi-square
test and graphs like pie chart, etc. After analyzing the data general specific findings
are sought out through interpretation. Suggestions and recommendations are
formulated from the summary of findings.
INDUSTRY PROFILE
The rubber industry is one of the key sectors of the Indian economy. India is the
fourth largest producer of natural rubber and the third largest consumer of the
polymer. As far as consumption of natural and synthetic rubber together is concerned,
the country occupies the fourth position. Although, rubber product manufacture
started in India, in the year 1920, the industry has been mostly inward oriented,
catering to the needs of the vast domestic market. But in the recent past the country
has been transforming itself into a major rubber product exporter as well, thanks to
the economic policies being pursued by the government and the market integration
brought about by the WTO / Regional Trade Agreements.
At present there are over 4300 manufacturing units, including 58 tyre factories,
turning out products worth US$ 7.7 billion, which is about 1.7% of the total industrial
output of the country. The total employment generation by the rubber product
manufacturing industry is 465,000. The natural rubber / synthetic rubber consumption
ratio is 75:25, while globally the ratio stands at 44:56. The per capita consumption of
rubber remaining at 1.0 kg, the market for rubber products in India, with its large
population, is likely to grow significantly in the years ahead.
COMPANY PROFILE
Fenner (India) Limited is the largest manufacturer of Industrial and Automotive V-Belts,
Oilseals and Power Transmission Accessories in India. In 1929, JH fenner & co (India) ltd was
established in Kolkata to supply industry with products imported from fenner head quarters in UK
later in 1955, the company started functioning under the name fenner cockily limited and a factory
was established at Madurai in 1956 to manufacture over belling, spindle taps and industrial v-belts.
The company gradually started expanding project range by manufacturing fan belt with cable
cord construction. Press belts, oil seals, o-rings, molded rubber products and fenaplast conveyor
belting.
The company is a pioneer and has been a market leader both in terms of new product
development and market reach. Fenner India has regularly introduced state-of-the-art latest
products both for domestic and international markets. Today eight out of ten automobiles in India
have at least one Fenner Belt or Oil Seal in it.
Apart from being the domestic market leader, Fenner India is also one of the big exporters of V-
Belts and Auto Belts in the country with products being exported to over 40 countries, including
North and South America, Europe, Australia and South Africa.
With a large Sales and Distribution network across the country and a strong brand
image, Fenner is undoubtedly the market Leader in India.
Fenner has acquired an international organization for standardization technique
specification 16949(ISOTS/16949) in the year 2003. International organization for
standardization environment standards (ISO14001) in the year 2004 and occupational
health safety and system (OHSAS 18001) in the year 2006.
Fenner India has 3 state-of-art manufacturing facilities at Madurai, Chennai and
Hyderabad. The first manufacturing facility was established in 1955 in the 'Temple
City' Madurai, southern India, which is the largest facility today.
Products For the Indian market
Industrial Power Transmission Products
Belts
Power Transmission Accessories
Automotive Products
Automotive Belts
Oil seals
STATEMENT OF PROBLEM
Study of Absenteeism among Industrial Worker is very important in terms of both
the industries and the employees. While an employee is been absent from work the
output from the employee towards the production is lost. Further the efficiency and
discipline of the company suffers a great loss.
As “No work No pay” is usually the general rule, the loss to workers absenteeism is
quite obvious when the workers fail to attend to the regular work, there income is reduced
and the workers become still poorer. Hence, Health and efficiency of the worker is
affected by the irregularity of the workers attendance.
OBJECTIVES OF THE STUDY
Primary objective:
The Study aims at assessing the level absenteeism among workers.
Secondary objective:
To conduct a detailed study on Absenteeism of Fenner India ltd.
To find out the rate of Absenteeism in Fenner India ltd
To identify the various factors that lead to Absenteeism.
To identify the variables that reduces the rate of Absenteeism
To find out causes of Absenteeism & suggest remedies to reduce it.
SCOPE OF THE STUDY
The study attempts to analyze the effectiveness and employee’s individual opinion about
reason for the absenteeism.
The study emphasizes to reveal the reasons behind the absenteeism in fenner (India) ltd.
The study aims to work on the feedback given by the employees and come up with
valuable suggestions for the improvement of the Absenteeism .
- WEBSTER’S DICTIONARY
42% of the employees take leave due to health problem .
ONLY 36% OF THE EMPLOYEES ARE SATISFIED WITH THE WAGES
SUGGESTIONS
Only 36% of the employees are satisfied with their wages. For this the company may
provide incentives to the employees.
From the findings it’s found that more number of employees is absent due to health
problems, so the company may concentrate on welfare programs for employees, like
conducting medical check ups regularly and may have campaign related to health and
safety measures while working.
Allocation of overtime may be reduced. As most of the employees feel it stress full.
CONCLUSION
Employee’s regular presence is a must to every company as work progress can take
place effectively only if the employees are working without any break. Same wise an
employee can excel in his job and can know his level of expertise in his job only he
goes to work regularly. Studying the absenteeism helps to find out the reason for
major absenteeism and eliminate them.
There by the absenteeism rate is very low. And this benefits both the organization
and the employee.